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Post Politics Now Biden and McCarthy discuss debt ceiling in Oval Office meeting

President Biden delivers remarks during a White House Competition Council meeting in the East Room of the White House on Wednesday. (Demetrius Freeman/The Washington Post)

Today, President Biden welcomed House Speaker Kevin McCarthy (R-Calif.) to the Oval Office for his first one-on-one meeting with the president. Though the White House said the two men would discuss “a range of issues,” the encounter came amid a tense standoff between the parties on raising the debt ceiling. Republicans are insisting on as-yet-unspecified spending cuts in exchange for their support, a posture they didn’t take under President Donald Trump or previous Republican presidents. Biden and the Democrats say they will not allow the nation’s responsibility to pay its bills become a bargaining chip.

Speaking to reporters at the end of the meeting, McCarthy appeared optimistic that an agreement on the debt ceiling may be reached, though he did not detail what he and Biden discussed.  

Your daily dashboard

  • 2 p.m. Eastern (1 p.m. Central): Vice President Harris attended the funeral of Tyre Nichols in Memphis.
  • 2:30 p.m. Eastern: White House press secretary Karine Jean-Pierre briefed reporters. Watch live here.
  • 3:15 p.m. Eastern: Biden hosted McCarthy at the White House.
  • 5 p.m. Eastern: Biden hosted a transition event for his chief of staff at the White House.
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Here's what to know:

2 p.m. Eastern (1 p.m. Central): Vice President Harris attended the funeral of Tyre Nichols in Memphis.
2:30 p.m. Eastern: White House press secretary Karine Jean-Pierre briefed reporters. Watch live here.
3:15 p.m. Eastern: Biden hosted McCarthy at the White House.
5 p.m. Eastern: Biden hosted a transition event for his chief of staff at the White House.

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